Oil

[talhaahmad04]

Oil prices have the potential to continue rising today after yesterday hitting the highest level since the summer of 2015 with geopolitical risk sentiment in the Middle East especially in Saudi Arabia with the measures taken by the government to support an extension of production cuts. Also on this day investors are also waiting for a report on oil reserves from the American Petroleum Institute released at the end of trading hours that analysts expect will be a decline in oil, gasoline and refined oil reserves.

The nearest resistance level is seen at the 57.60 area, penetrating upwards from that area could trigger further upwards to the 58.00 area before targeting the 58.60 area. Meanwhile for the downside, the 57.00 area becomes the nearest support point, a break below that area should be able to reverse the trend to be bearish targeting the next support at 56.60 before aiming to 56.00.

Support level: 57.00 - 56.60 - 56.00
Resistant level: 57.60 - 58.00 - 58.60

[joney]

Oil prices settled above the psychological barrier at $ 90.00 a barrel, and above SMA 50, along with continued positive signals coming from the stochastic to a daily timeframe.
*
Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00

[zainm6050]

A drug is any substance that, when inhaled, injected, smoked, consumed, absorbed via a patch on the skin, or dissolved under the tongue causes a physiological change in the body.

[Ahmad22]

Oil - US Crude


SUPPORT AND RESISTANT LEVEL
S3: 60.85
S2: 61.28
S1: 61.55

PP: 61.72

R1: 61.99
R2: 62.16
R3: 62.59
TRADE AT YOUR OWN RISK GOOD LUCK

[talhaahmad04]

I have just opened a light oil sale (#CL). The risk to the deal is minimal - the stop loss is put several points higher than yesterday's spike (the H1 time frame). If it works, then I plan to restart when rebounding from the resistance level of 71.85. False breakout will be fine for me, too.
The ground for sale: the H1 time frame – the Over & Under pattern was formed; the H4 time frame - the Double top figure is being formed.

[lover222]

Today we've seen that Oil moved upward. Its highest position was 89.87 which is highest in the recent history. What do you traders think about its next movement? Will it cross 91.00 in recent future? Actually its movement is very fast sometimes. Need some information from the expert traders.

[FM1881]

And now that a bounce is developing, the potential for bearish trend continuation, and that prior zone of support from the descending triangle can now be re-utilized as potential resistance. This zone runs from 1.2960 up to 1.3000, and a hold of resistance here can open the door for bearish strategies with stops investigated above 1.3020. Target potential could remain around the same 1.2900, 1.2829, 1.2783 and, longer-term, the 1.2671-1.2721 zone.

[00923027642346]

oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai

[NOOR151]

so today by checking the technical indicator and all previous routine of the
chart i have come to know that tomorrow the market of Oil will move in
up way
so i suggest you to choose the option of buy for trading
I hope you will follow me and you will get more income because i suggested this after seeing the market and indicator completely
All the best my friends. ]

[ba33]

On the daily timeframe,: D1 has left the downtrend and moved upward. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of the publication of positive data in Australia and negative data in Switzerland.